PERI Finance AMA Recap

PERI Finance AMA Recap
PERI Finance AMA Recap
Myko (CryptoDiffer)
Hello, everyone!😁 We are glad to meet here: Gareth Bowles, Co-founder of PERI Finance
Pleasure to meet you all!
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
Welcome Gareth, thank you for taking your time today!
Thank you for having me too:)
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
Our team has prepared 3 questions for you to start with so let's start with the introduction) Q1: Can you introduce yourself to our community?
Sure, I’m Gareth Bowles. I majored in business study at Staffordshire University. I started my career at money Moneycorp TTT Ltd, moved to CitiBank, and LMAX exchange as a Currency dealer. Also, I worked as Advisor & Shareholder of King William Street Capital Management Ltd and Director of Pathfinder FX Ltd. Most recently as a consultant, I’ve been involved in various projects, venture capital investments in the blockchain. I'll text "done"when I finished answer done!
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
okie, Great! Thank you for the introduction Now 'let's take a look at the project Q2: Can you introduce PERI to us?
PERI Finance is a decentralized, cross-chain synthetic asset issuance and derivatives exchange on the Polkadot network. PERI Finance allows accessing a wide range of both traditional financial and crypto assets in the form of leverage and non-leverage synthetic products. We empower users with the lower GAS fee, speedy transaction, and amplified security from front-running or flash loan. done
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
Superb, now let's look on how the project's process going Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
We have launched staking dApp on the Ethereum Kovan testnet. Users can participate in our Bug Bounty Program by the link below: https://immunefi.com/bounty/perifinance/ Also, we are planning to launch on the Ethereum Mainnet at the beginning of July. It’s coming 🔥 And here’s the following milestones that we’ve planned: 2021 Q3 — Staking dApp Launch on Ethereum Mainnet Staking dApp and DEX dApp launch on Polkadot Parachain Testnet Launch Pynths Perpetual contract 2021 Q4 — DEX dApp launch on Polkadot Parachain Mainnet Add NFT fractionized synthetic asset Add Perpetual Futures swap The team is going to get web3 foundation grants soon and will keep constant and close eyes on technology change on Ethereum such as ZK-Rollups as well as Parachains with WSAM and EVM on Polkadot so that we can apply the solutions to the platform as soon as there comes any technology that works better on Polkadot. DeFi is currently at the core of the blockchain industry, but we are thinking of Defi as a new industry between the traditional finance and blockchain industries. Also, DeFi offers potential growth opportunities for blockchain projects. The DeFi that affects the crypto space will be very huge! done!
Gareth Bowles
Gareth Bowles
Wow, massive questions! Please give me some time to collect the answers:)
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
1. Instead of directly trading NFT products, PERI Finance says it plans to launch a service that trades NFT fractional assets, could you tell us what NFT fractional assets are and how they are different from the regular NFT products we all know? 2. What about your team background? Is the developer anonymous and how many members are on your team?
1. PERI Finance’s NFT plan can be viewed as a choice that reflects the needs of the current market. Synthetic assets in NFT artwork will be applied slightly differently than the original synthetic assets. By synthesizing a single NFT asset, it will be partly owned by several people. More details will be announced through the whitepaper update. 2. You can access details about the members’ list of PERI Finance on the LinkedIn page anytime. PERI Finance currently working with several top-talented developers with outstanding blockchain-related background.
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
3. What are the present and future goals of PERI Finance ? 4. What is PYNTHS and what are the benefits for early investors, What are the advantages of staking PERI in the PERI Pool? how do you deal with problems in the pool caused by lack of liquidity?
3. We are going to launch our Staking dApp as soon as the auditing report is released. And as you see on the One-pager that I uploaded before, we will launch Synthetic asset DEX exchange, adding NFT fractional assets and perpetual futures swap up to 20x on next quarter. 4. Users holding PERI token can receive rewards through staking in a dApp that will be launched soon, and a pUSD (a synthetic asset with the same value as USD) which is a synthetic asset received at a certain rate from users who have staked can trade a variety of synthetic assets and futures. Also, PERI Liquidity Pool is a pool created in the process of PERI holders staking PERI and minting Pynth called pUSD. The pool acts as a liquidity provider, which is the counterparty when trading pUSD to pBTC or pEUR, for example. Therefore, it can be said that liquidity is infinite. In other words, there is no worry about lack of liquidity or slippage existing in traditional financial markets.
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Cryptodiffer Community
Can you please explain any security precautions which might protect PERI Finance from any hacks of wallet in the future?
We are well aware of recent hacking and exploit of the other DeFi platforms. We have applied codes for all of known issues. We are getting all our smart contracts audited by a 3rd party auditor like Certik. We don’t save any personal data, because we are in decentralized ledger system ‘blockchain’. All users just need their wallets and assets in it.
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Cryptodiffer Community
Can I Buy PERI Without KYC?
Yes you can. The Uniswap and Pancakeswap also have trading pairs respectively. You can see this guide for buying PERI by DEX: https://medium.com/perifinance/peri-finance-on-uniswap-pancakeswap-how-to-participate-7954b7bb0113 In addition, PERI Finance is listed on Gate.io and MEXC(KYC required) https://www.gate.io/trade/PERI_USDT https://www.mexc.com/exchange/PERI_USDT
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Cryptodiffer Community
I am a newbie trader and just want to learn before I start investing, do you offer any educational courses that I can learn from?
We have published the guide for staking dApp which will be launched soon. You can experience through this guide in our pre-opened dApp for bug bounty program. Here's the site link about detailed guide: https://medium.com/perifinance/peri-finance-dapp-guide-for-bug-bounty-program-22fa6bc34516 And you can discover the staking dApp(access in Kovan testnet required) https://staking.peri.finance This was the last answer, thank you all!
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
Thank you Gareth!
My pleasure!
Gareth Bowles
Gareth Bowles
PERI Finance AMA Recap
Myko (CryptoDiffer)
We were pleased to host this ama)
Pleasure to be here too:)
Gareth Bowles
Gareth Bowles